Is it bad for altcoin that BTC is dropping

[dubynin1990]

It's too bad altcoins rained down so fast that I don't have time to follow the new price, very similar to panic, I hope that the panic will subside and the market will gradually recover.

[Jadesola]

It is very bad to see BTC drop just like that beacsue it spell doom for altcoins.As for now,BTC as alot to do with altcoin,so a drop in BTC will affect altcoins so badly and that is what we are experiency now.

[nizamcc]

Certainly. It was quite good when Bitcoin was corrected, everyone understood that this should happen, but this drop is difficult to explain.

[tonibyuzen]

How the rest of the market behaves depends on the price of bitcoin. Over many years of observing the crypto market, I made sure that if bitcoin goes down, it is followed by the rest of the altcoins. Therefore, for the new bull run, it is especially important that the capitalization of bitcoin goes up and this is accompanied by good news.

[Jiyens3]

Bitcoin price is constantly dropping for the last several days. What effects are putting it on Altcoins ? Is it bad or good ?

Everything is bad and not only the fall of Bitcoin, which further reduces the prices of alts, but also the manifestation of stagnation and regression of the whole technology. And most importantly, no one wants to change this situation, and to influence some real actions.

well, it will certainly be bad. not just bitcoin, in fact, when the price of ETH goes down, I think it will be dangerous for other altcoins. for now there is a decline in prices on bitcoin and eth, and can be ascertained that the altcoin price will also decrease.

for Altcoin would be a good thing for him if the State of the Bitcoin declined. because of the Bitcoin falling Altcoin enthusiasts will continue to increase and generate more profits. so it will be the purpose of Altcoin that will be valuable in the future with more and more enthusiasts who attended.

[ahmed04]

Look for yourself at what is happening now with the market. Of course, bad. I would rather look like Bitcoin is falling, and everything else is growing, but not that...

[george_hured]

For some, this is really a problem, because in most cases altcoins are also just getting cheaper, because such a market reaction to the fall in BTC even now has become standard, so of course this is a sad situation.

[Gasolindance]

If altcoins would to really depends on the bitcoin - yes. I don't think so, and it is not true. If bitcoin will die in future, it does not to destroy the market.

[HauntOne]

So, the price of altcoins is very much dependent on the situation of bitcoin, and have for the first cryptocurrency more confidence

[ardentvolcanoes]

Yes, it is bad for altcoins when BTC is consistently dropping. BTCplays a major role to manipulate the market and it has an impact on all the altcoins similarly. So if the bitcoin's price going down and it becomes red similarly all the altcoins too fall.

Indeed, after bitcoin falls so deep the alts will suffer much deeper, those who invest to alts will exchange their assets to bitcoin thinking that it will be too late for them to cash out their investment, still the dominance of bitcoin will continue to be the basis of market conditions, everything still inside the circle of bitcoin destiny.

[freedomforever]

I dont care that btc is dropping actually. I am a long term holder. And in my opinion, it is very normal that BTC falls. People will do panic and whales are gonna get btc at low prices. And then btc is gonna raise quickly. We ll see whats gonna happen.

[novy]

I agree, panic is a very bad sentiment that moved all the markets when it is very hot. Regards altcoins, it is bad for sure, but strong coins will bounce back very quick on a green days.

[Businesscase]

The price of altcoins depends on Bitcoin price, so this is bad effects are putting on altcoins. I wish this bear market won`t be for a long time.

[Dobby070]

Bitcoin price is constantly dropping for the last several days. What effects are putting it on Altcoins ? Is it bad or good ?

Basically, most altcoins are anchored to the Bitcoin's support and its market value. Many transact using bitcoin to their altcoin and their altcoin to bitcoin. We can consider this relationship to determine that if bitcoin increase the altcoins goes the same as it is so, and vise versa.

[zk-SNARK]

It is bad for altcoins surely. Btc is the biggest coin in crypto space with his biggest marketcap so btc determines the general market conditions. If btc start to move bullish it means alts will be bullish or already start doing some x. If btc will start to be bearish that means all altcoins will in very bad situation.

[iyah adrian]

What I know when Bitcoin goes down. Definitely altcoin goes down too. Now it's really bad. Every time Btc and altcoin continue to decline. Of course when the BTC goes down the others will also affect the price. So for the moment altcoin will definitely decrease as well when Bitcoin goes down.

[hardhouseinc]

The entire market is dropping now but when bitcoin will start to grow again the entire market will too. I think it is time to have faith.

[stevanGR]

bitcoin drop means that altcoins drop too. you can see that many altcoins are drop
you can take advantages by buying in dips, just make sure do it fast

[Alert31]

Bitcoin price is constantly dropping for the last several days. What effects are putting it on Altcoins ? Is it bad or good ?

   I think bitcoin has an effect to altcoins because we can see that if bitcoin drop,alcoin also drop. If bitcoin increase,altcoins also increasing. It has an effect mybe because everytime you want to buy bitcoin or to cash out you always need to exchange it first to bitcoin before converting it into a fiat money.

[Rengganis]

the decline in BTC prices will be very dangerous at the altcoin price, because it often has an impact on the decline in prices of altcoins, but when BTC increases in price, only a few altcoins can return to price increases like BTC, so that's a terrible thing for me for altcoin